#Asia On-demand home services startup Taskbob raises US$4.5M Series A

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The firm plans to expand its presence in multiple markets, focus on product growth and innovation, and evaluate strategic acquisition opportunities

 

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Mumbai-based on-demand home services app Taskbob has secured INR 28 crore (US$4.5 million) in Series A round of funding, led by IvyCap Ventures.

Existing investors Orios Venture Partners and US-based Mayfield Fund also participated.

The funding will be used to selectively expand its presence in multiple markets, focus on product growth and innovation and evaluate strategic acquisition opportunities. Over the next 18 months, Taskbob plans to scale to 10,000 orders per day and achieve profitability at a unit level in Mumbai.

The funding comes less than a year after the firm raised US$1.2 million in seed funding led by Orios and Mayfield.

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Taskbob was founded by IIT Bombay and IIM Ahmedabad alumni Aseem Khare (CEO), Abhiroop Medhekar, Ajay Bhatt and Amit Chahalia.

It offers instant home services by sending pre-screened, verified, skilled professional serviceman to your doorstep to fix your household appliances such as AC, washing machine, computer and refrigerator. The firm takes referrals of friends, fellow users and choose the best servicemen in the locality.

Also Read: Housejoy acquires mobile fitness marketplace Orobind

The firm claims to have around 100,000 users in Mumbai, with 800-1,000 bookings a day.

“Fulfilment, not discovery, is the real problem in India’s local services space. With this in mind, we have been more focussed on supply and fulfilment issues rather than plain demand aggregation. Our goal has always been to build a service that provides quality and is absolutely trustworthy,” said Khare.

With the customers’ pain points in mind, Taskbob has a rigorous recruitment process in place that consists of skill testing & psychometric tests to hire the best servicemen in the industry. Once hired, they undergo extensive training across vocational skills, customer delight, technology, processes and soft skills.

Image Credit: Shutterstock

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